KATHMANDU, April 21: The import of electric vehicles (EVs) has slowed down for the second month in a row.

KATHMANDU, April 20: Birgunj Customs Office has collected more than Rs 100 billion in revenue in the current fiscal year.

KATHMANDU, April 12: The government collected only half of its targeted revenue even as the third quarter of the current fiscal year is about to end.

KATHMANDU, April 3: The government is preparing to allocate Rs 436 billion to pay the interest and for the repayment of the principal on public debt for the next fiscal year.

KATHMANDU, March 19: Buddha Air has collected Rs 3.83 billion in revenue in the first six months of fiscal year 2023/24. Buddha, a private sector airline, has been providing air services on trunk routes and has been flying from Kathmandu to Varanasi in India.

KATHMANDU, Feb 26: In the seven months of the current fiscal year, the government has collected Rs 6.62 billion in revenue from the import of electric vehicles (EVs) worth Rs 15 billion.

KATHMANDU, Feb 25: The government has launched an investigation into about 2,000 commercial firms engaged in various businesses for allegedly using fake invoices, aiming to evade revenue. It is estimated that these firms evaded revenue worth around Rs 10 billion by using fake invoices and receipts.

KATHMANDU, Feb 22: The Tribhuvan International Airport (TIA), one of the busiest airports in terms of air travel, has experienced a steady rise in domestic and international flight traffic, leading to an increase in the number of passengers using its services each year. The TIA has reported an increase in revenue surpassing Rs 11 billion in the last fiscal year 2022/23.

KATHMANDU, Feb 10: The federal government has succeeded in converting its reserve funds into a surplus of Rs 44.9 billion as of Thursday, after the government reduced its expenditure compared to revenue collection in around seven months of the current fiscal year.

MAHOTTARI, Feb 3: The power distribution center of Nepal Electricity Authority (NEA) has collected over Rs 50 million in revenue in six months of the current fiscal year. A total of Rs 52.3 million was collected from fine and cable fixing.

ILAM, Jan 27: Pashupatinagar Customs Office in Ilam has collected Rs 13.41 million revenue in the first six months of the current fiscal year 2080/81 BS. It was 69.96 per cent of the target.

KATHMANDU, Jan 17: The Kathmandu Metropolitan City (KMC) collected around Rs 5 billion in revenue in the first half of the current fiscal year 2023/24.

KATHMANDU, Jan 15: In the first six months of the current fiscal year 2023/24, the government has collected a total of Rs 515 billion in revenue.

BIRATNAGAR, Jan 1: Biratnagar Customs Office has collected only 57 percent of the target revenue set for the month of Mangsir (mid-November to mid-December) of the current fiscal year 2023/24. According to the data of Biratnagar Customs Office, only 57.64 percent of the target revenue has been collected in Mangsir.

KATHMANDU, Dec 26: Nepal has imported smartphones worth around Rs 13.6 billion in the first five months of the current Fiscal Year (FY). The Department of Customs (DoC) has unveiled data revealing that smartphones worth Rs 13.6 billion were imported into Nepal in the first five months of the fiscal year 2023/24.

KATHMANDU, Dec 17: Real estate transactions have seen a marginal increase and the government has generated Rs 3 billion in revenue in the month of Mangsir (mid-November to mid-December) compared to last year. Compared to the previous year, both real estate transactions and revenue have increased.

KATHMANDU, Dec 17: Following the government's direction to the authority concerned to collect revenues gained from the gains made through premium of FPO (follow-on public offer), mergers and acquisitions and sale of auction shares, over Rs 12.8 billion in revenue has been deposited in the state coffers in two days.

KATHMANDU, Dec 16: With the Supreme Court (SC) paving the way for the government to implement its decision to impose tax on mergers and Further Public Offerings (FPOs) premium, the government generated revenue of Rs 11.3 billion in a single day on Friday.

KATHMANDU, Nov 26: In the first four months of the current fiscal year (FY) 2023/24, Kathmandu Metropolitan City (KMC) has collected 27.11 percent of the annual revenue target. Chief of Revenue Department of KMC Dhruba Kafle said that Rs 2.92 billion in revenue was collected in the four months of Shrawan (mid-July to mid-August), Bhadra (mid-August to mid-September), Ashoj (mid-September to mid-October) and Kartik (mid-October to mid-November).

In the wake of recent revelations from the Department of Customs (DoC), the alarm bells for our economy are ringing louder than ever. The government's ambitious revenue target of Rs 52.24 billion from foreign trade during mid-October and mid-November fell painfully short, with only Rs 27.56 billion making its way into the coffers.

KATHMANDU, Nov 12: The number of people taking loans from banks to build houses has increased. In the first three months of the current fiscal year, personal residential house loans given by banks have increased by about Rs 27 billion.

KATHMANDU, Nov 1: The Kathmandu Metropolitan City (KMC) has collected Rs 1.17 billion in revenue in the past two months, which is almost Rs 230 million more than the corresponding period of the last fiscal year.

KATHMANDU, Oct 21: Tourists who come to climb mountains and explore high mountain areas have made a big contribution to the country's tourism industry. More tourists have been interested in mountain climbing than other activities, which have helped the tourism industry recover from the impact of COVID-19.

KATHMANDU, Oct 19: The government took borrowing worth Rs 106.78 billion in the first three months of the current fiscal year.

BIRATNAGAR, Sept 24: The Biratnagar Customs Office has reported a revenue collection of just 56.81 percent of the target for the month of August in the fiscal year 2023/24, falling significantly short of the target.

11 casinos owe Rs 3.5 billion in revenue

September 1, 2023 14:30 pm

KATHMANDU, Sep 1: About a dozen casinos are in debt to the government, owing more than Rs 3.5 billion in revenue. Recent data from the Hotel Branch of the Department of Tourism (DoT) reveals that these casinos collectively owe the government a substantial sum of 3.6 billion 1.4 million rupees, as of the last fiscal year in 2022/23.

KATHMANDU, Aug 24: The Kathmandu Metropolitan City (KMC) collected revenue of Rs 654.20 million in the first month of the current fiscal year, which was 43.58 percent more than the amount collected during the same period of the last fiscal year.

KATHMANDU, Aug 9:The export of edible oils that had been giving the country notable revenue from abroad declined significantly in the last fiscal year.

KATHMANDU, July 26: The Birgunj Customs Office, the main customs point of Nepal, was able to collect only 60 percent of the targeted revenue in the last fiscal year (FY) 2022/23.

POKHARA, June 13: The Public Accounts Committee (PAC) of Pokhara Metropolitan City has instructed the metropolis to reduce the expenditure on study visits and food and snacks.

KATHMANDU, May 19: The Birgunj Metropolitan City has collected Rs 360 million in revenue in the first 10 months of the current fiscal year under 26 different headings. Birgunj is the only Metropolitan City in Madhesh Province.

KATHMANDU, May 16: Due to the managerial weakness of Kathmandu Upatyaka Khanepani (KUKL), the state-owned utility is losing revenue worth millions due to failure in billing at the customers' houses for distributing water from Melamchi through a new pipeline.

KATHMANDU, May 15: Fiscal deficit is increasing as the government’s revenue collection is lower than its expenditure.

KATHMANDU, May 9: As the weather is favorable for climbing in spring, a considerable number of climbers come to Nepal from all over the world. People climbing various mountains, including Mount Everest, also contribute to government revenue.

KATHMANDU, April 29: Kathmandu Metropolitan City has collected Rs 6.50 billion revenue till March of the current Fiscal Year (FY). The revenue collected is 62.33 percent of the target.

KATHMANDU, April 14: The government has witnessed a 2.9 percent increment in expenditures than incomes in the third quarter of the current fiscal year, 2022/23. During the period, the budget deficit crossed the Rs 218 billion mark, according to the data with the Financial Comptroller General Office.

JUMLA, Feb 5: According to the Inland Revenue Office, Jumla, the revenue collection of Jumla, Kalikot and Mugu is disappointing. Statistics show that only 34.65 percent revenue was collected in these three districts during the period of six and a half months.

KATHMANDU, Jan 12: Kathmandu Metropolitan City (KMC) has projected the income for the next three years. The KMC’s income has been projected for the coming financial years 2023/24, 2024/25 and 2025/26.

KATHMANDU, Jan 11: The Special Court has convicted the then Deputy Secretary Anand Keshari Pokharel, Deputy Superintendent of Police Navraj Thapa, Police Inspector Murari Mishra and sentenced them to imprisonment and fines in the case of revenue leakage and alteration of driver's license results.

KATHMANDU, Jan 5: Kathmandu Metropolitan City (KMC) has collected revenue of Rs 4.34 billion as of December 30 in the current fiscal year.

In five months, govt collected only one-fourth revenue of its annual target while regular expenses surged 12 percent

KATHMANDU, Nov 25: Nepal Electricity Authority (NEA) Managing Director Kulman Ghising has said that within the current financial year, Nepal's hydropower production capacity will reach 3,000 megawatts.

BAGLUNG, Oct 29: The Baglung District Traffic Police Office has collected Rs.1.8 million in revenue from the penalty imposed against the drivers who violated traffic rules. The amount was collected in the three months of the current financial year.

KATHMANDU, Sept 22: Kathmandu Metropolitan City (KMC) has collected 29.85 percent more revenue till September 21 of this financial year than till September 21 of last fiscal year.

BANKE, August 7: The federal and Lumbini Province level offices in Banke district collected a total of Rs 29.65 billion plus in revenue in the fiscal year 2021/22.

BUTWAL, August 2: Bhairahawa Customs, the second largest in the country, has collected 10 percent less revenue than the target this time. In the last fiscal year 2078/79, the office collected over Rs 115 billion in revenue. This amount is 90.94 percent of the revenue collection target set for the office in the last fiscal year.

KATHMANDU, August 2: Revenue generated by Civil Aviation Authority of Nepal (CAAN) has increased by 16.67 percent in the previous fiscal year 2021/22. The CAAN has made an income of Rs 7.44 billion in the fiscal year along with a rise in airport fees.

SINDHUPALCHOWK, July 23: Tatopani Customs Office has collected Rs 3.42 billion revenue in the last fiscal year 2021/22. The revenue collection is double that of target.

KATHMANDU, June 27: More than Rs 234.93 billion has been collected as revenue from the two customs offices in Birgunj in the first 11 months of the current fiscal year. The amount has been raised through the Birgunj Customs Office (BCO), the country's largest commercial port, and the Dryport Customs Office, which is connected to the international waterway transit network through the Indian Railways.

KATHMANDU, June 10: Finance Minister Janardan Sharma has said that the country has to take internal and external loans until it becomes self-reliant by increasing its internal revenue.